NDAC 81-10.1-01-01
Subchapter S election
Cite as N.D. Admin. Code § 81-10.1-01-01
If a corporation elects to file its federal tax return under subchapter S of the Internal Revenue Code
of 1986, as amended, "federal taxable income" means the income or loss as computed on Schedule K
of the S-corporation's federal return.